Subsea
Ecosse Subsea Systems, Osbit to Develop New Seabed Trenching Solution
Ecosse Subsea Systems (ESS) said it will invest up to £3 million in developing a water-jetting tool which, reportedly, has the potential to double trench production rates in seabed trenching operations. ESS has awarded a contract to Osbit. The Northumberland-based company will be the lead detail des
Akastor Narrows Q3 Loss
Oilfield services investment company, Akastor, has managed to cut its loss in the third quarter of 2016, despite close to 50 percent revenue decrease on mostly lower impairments compared to the corresponding quarter in 2015. The Oslo-listed company recorded loss of NOK 160 million ($19.6 million) fo
Chevron, Trelleborg Develop New Buckling Mitigation Buoyancy
Chevron has awarded Trelleborg a license agreement to develop buckling mitigation buoyancy technology, including the design and qualification of the new product. In certain offshore conditions, lateral movement of traditional fixed buoyancy modules can cause soil compaction, increased lateral soil r
Bourbon Stacks More Vessels as Revenues Drop
Bourbon has posted lower adjusted revenues for the quarter ended September 30, 2016 as utilization and daily rates continue to slide. The company said it had stacked 85 vessels as of end-September this year, including 59 shallow water vessels, 22 deepwater vessels and 6 subsea vessels (8 subsea vess
McDermott Opens New Office in Saudi Arabia
McDermott International has opened a new office in Al Khobar, Saudi Arabia, with the ability to add 300 staff to its existing workforce in the Kingdom. The new office expands McDermott’s engineering capacity in the region and will enhance its offering in Saudi Arabia, the company noted. “The opening
IHC IQIP Gets Maritime Innovation Award for Integrated Monopile Installer
The Integrated Monopile Installer, developed by Royal IHC’s subsidiary, IHC IQIP, has won the Maritime Innovation Award at the 11th Maritime Awards Gala, held on October 31. The award is presented annually for a Dutch innovation from the maritime sector that meets the requirements for widespread pot
Automated Ships, Kongsberg to Build Unmanned Vessel for Offshore Ops
The UK’s Automated Ships and Norway’s Kongsberg Maritime have signed a Memorandum of Understanding (MoU) to build unmanned and fully-automated vessel for offshore operations. In January 2017, Automated Ships Ltd will contract the ‘Hrönn’, which will be designed and built in Norway in cooperation wit
Statoil Presents Trestakk Development Plan
Statoil has submitted a Plan for Development and Operation (PDO) of the Trestakk discovery on the Halten Bank to the minister for petroleum and energy, Tord Lien, in Bodø. The discovery, made in 1986, contains about 76 million barrels of recoverable oil equivalent, mainly oil. The project will be ti
Seabed Geosolutions to Deliver Manta Seabed System
Seabed Geosolutions has announced the availability of its four-component (4-C) Manta ocean bottom node crew in early Q2 2017. Manta was developed in co-operation with Fugro and combines technologies to provide a cost-effective alternative to high-end streamer data acquisition. The system leverages p
IOG Gets Blythe Hub Seismic Data
Independent Oil and Gas (IOG) has received initial results from new interpretations of 3D seismic data covering the Blythe Hub licences in the company’s Southern North Sea portfolio. The data, which is being reinterpreted and comprises 250 km² of 3D seismic from the 1990s, has been reprocessed by Sc
Carnegie Wave Energy Changes Name
Carnegie Wave Energy has decided to change its name to Carnegie Clean Energy, subject to shareholder approval. The name change follows the recent acquisition of 100% of solar and battery microgrid developer, Energy Made Clean (EMC). The acquisition is also subject to the approval of Carnegie shareho
JDR’s Member Joins RenewableUK Communication Advisory Group
Tom Nightingale, JDR’s strategy and marketing manager, has been selected to join RenewableUK’s newly-created Communication Advisory Group. The group is being introduced by RenewableUK to act as a better link between its working groups, policy forums and the board. It will advise RenewableUK’s board
GE Oil & Gas Joins Forces with Baker Hughes
GE and Baker Hughes have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create oilfield technology provider with mix of service and equipment capabilities. The transaction will be executed using a partnership structure, pursuant to which GE Oil & Gas and Baker Hug
Lukoil Starts V. Filanovsky Field Flows
Commercial production at the Vladimir Filanovsky field in the Caspian Sea was launched on Monday by the president of the Russian Federation Vladimir Putin. The V. Filanovsky field, discovered by Lukoil in 2005, is Russia’s largest oil discovery for the past twenty-five years and the second field com